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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (20969)	10/30/2002 3:12:22 PM
From: tahoe_bound	Read Replies (1) \| Respond to of 36161

[[ I would not put too much faith in Schaefer. He remained bearish way too long after the 9/11 trough and seems to be making the opposite mistake now. ]] Bearish how, George, in equities or metals? He went bearish on equities in late 2000, bullish on metals the same time, and did not waiver. Has not waivered. The senior averages continued to make new lows after the 9/11 bounce. He is not changing his long term view of a SECULAR bear in stocks, a SECULAR bull in metals, he is allowing for the possiblity that the PPT can engineer a small, cyclical countertrend in equities. If he can make a short term profit then he is all for it. He could very well be wrong in the SP 1,100 callhe is probably looking at seasonal tendency factors as well. He is more than ready to adapt a very bearish posture, just as he was more than ready to do the opposite at the '98 lows when he was pounding the tables that the 90's bull was not-quite-over..yet at the time. His LT track record is so far superior to others mentioned such as "prechter" that it is not even funny.